Although Bitcoin has been involved in a bearish period since December of last year, the truth is that it has held up quite well after the announcement by the Federal Reserve a few days ago, and nevertheless in the last few hours it has managed to exceed the barrier of 40,000 dollars, which predicts a hypothetical bullish period in the coming months.
And it seems that Bitcoin augurs a good future, even in the short term, and a panel of experts made up of specialists in FinTech, cryptocurrencies and NFT consider that Bitcoin will end the year at about 76,360 dollars.
According to the latest Bitcoin price prediction report on Finder.com, it is said that this year’s peak will reach $93,717, well above the peak reached last year which was around 68,000 dollars.
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But even some of the experts, specifically David Klinger, founder of Coteries Corporation, predict that even Bitcoin’s peak could reach $100,000 this year , to complete the course at about 70,000 dollars.
On the other hand Vanessa Harris, director of products at Permission, affirms that Bitcoin is better positioned to be the store of value that many investors will look for to face higher inflation, even considering that Bitcoin could surpass $200,000 this year.
On the other end, Daniel Polotsky, the founder of CoinFlip, points out that Bitcoin will peak at a much lower price of $60,000.
In the report it can be read that one in five panelists indicates that the increase in interest rates is going to lower the price of Bitcoin, but 50% say that it will not, while that 31% indicate that they are not sure about what is going to happen.
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Specifically Gavin Smith, the CEO of Panxora Group, points out that the rise in interest rates by the Federal Reserve will have a negative impact on the price of Bitcoin, but it will be a temporary impact.
They have also given forecasts for the price of Bitcoin for 2025 and until 2030. The panel considers, on average, that Bitcoin will reach $192,800 by the end of 2025, and that even after that it could shoot from average to over $400,000 by 2030.
Specifically Bilal Hammoud, the CEO of NDAX, points out that with the imminent rise in interest rates, Bitcoin will fall in the short term, but will increase to 250,000 dollars by the end of 2025 and up to 500,000 dollars by the end of 2030.
The general term, 61% of the panelists in the report indicate that it is time to buy, while 29% say that it is time to maintain and not sell, while only 10% they recommend its sale.